Port Tobacco times, and Charles County advertiser. (Port Tobacco, Md.) 1845-1898, 1887-01-14
Sale Of Bonds.

Sale Of Bonds.
The board of county commissioners met IA
their office here on Tuesday with the full boart
in attendance After the transaction of SOM
misce laneous business the board proceeded Il
the matter for which it specifically met-tha
was TO offer for sale reissue Of the old county
bonds, now bearing interest AT the rate OF PEI
cent. per annum, and refunding them at PEI
cent. The room was filled with persons inter
ested in the sale, all Of them, save Mr.. G. A
Rasch, being citize MS Of the county. The bond
were offered for sale to the highest bidder II
sums Of 500 With the privilege Of taking Al
many as desired up 10 $1,000. The clerk o
the board, C. F. Daley, acted as tie auction eel
and the bidding was quite spirited. The bond
sold at premium ranging from ST so TO Sat
on the hundred, and were sold to the following
parties in the following amounts: J H. RoberG
81 900 at SlO2 ; G. A. R,sch 81 900 at $l0l,
so; Mrs. Ii. A. Rennoe $500 AT SlOl IS; Jos
T. Ward, for Vestry of Trinity Parish, 81 .OO'
at SlOl.75 J. h. Roberts $500 at $l0l s73
JOS. 7. Ward, for Festry of Trinity Parish
81 900 at SOL rs ; J. H. Roberts 81 900 u
SlOl s73; Jos. T. " ard, for Vestry OF Trinit,
Par sh, $500 AT $lo2; John B. Lyon $500 a
$l0l.75, amounting in all TO 81 500 ~hieh ex
ha .sted the loan. 1t is generally thought tia
the premiums obtained for the bonds was yer,
good and it fully mes IS the expectations OF ta'
commissioners. Tue amount saved TO In
he ba Of -. l.,
upwards OF $500 and also the further saving o
per cent per annum for the time they run.
By notice publish d elsewhere in this issue j
will tie cen that tine board will meet again OIL
old bonds aud to deliver the new bonds to th
p ,rtes who purchased them Tuesday. Holder
Of the old per cent bosds will notice that th
interest on those bonds will cease from ,ha
date. The act of the commissioners on las
Tuesday was one Of the wisest strokes of hnsn
cial policy that has been performed by pablo
body in Charles county for many years past
and is but another proof to our people of th'
desire on the part of the present board 10 con
duct tie affairs Of the county on a sound basis
of economical and honest government, and
shows the wisdom of the democratic party il
electing them to their present positions.
The Prospective Tobacc" Market.
The tobacco market for the coming season
is question of much interest to our farmers
The great and unexpected depression in the
market for our staple crop in the year jsst pasl
fell heavily upon the producers, as the expense
of production is quite as great as ever and the
prices obtained in many cases failed 10 cover
the cost of growing the crop Hence it is thai
man, of our tobacco growers now feel in an
uncertain state of mind AS 10 the wisdom of in
vesting much in the growth Of the weed the
coming year and are looking with much interest
to the indications of the prosr. ctire MAJ ket for
the crop now in the barn as guide TO their
action IN that respect.
Th: effect of the early frost of last fall. Which
proved quite Obstructive in its operation in
Virginia and kentucky, well as in Mary iand
an the effect of the heavy early rains aud SUBJ
segment drouth upon the quantity and quality Of
much Of the crop nov IN the barn, it was ger.
orally estim .tei in trad. circles would have a
beneficial effect upon the tone Of the tobacco
market for the coming season. This theory
has received some encouragement by some oil
the sales of last fsl rs ground leaf in Baltimore,
which have hren reported, which show consid.
OF the year before. As iending To further
.s,reng hen this hopeful view Of h. case We
quote the following paragraph rom the Rich
mond correspan ieuc- Of the Baltimore Sun
ua der date OF January 10th
THE tobacco rro. Of 1886. it is -,rim ,i-,,
weighs out only half Il, crop that onIy one
fourth OF that ha. culor. The good tobacco oi
the n-~ crop Is selling high-r than new tobacco
h g sold ncr 1878. For the rest Of the crop,
frosted and E o. eyed, the planters are rec-iv-
i TX only three aud n b at OF tour cents pound
This, 10 II nu'sh-l Is about the condition Of
he AAik-tior the 1886 crop. Ii Is certain that
Virginia and North CAROLYN. Will nave great
iy reduced ACREAGE
When il is considered that the depression in
Virgi mia tobacco during the past year was near
the fact Ina, the prices in the Virginia markets
for good tobacco are retter III IA at any time
since 1875 would s-em to give fair PROMISE OF a
corresponding improvement 10 the Baltimore
market also. Let US hope that such will be
the case. As regards the matter Of growing
another crop it is perhaps s,fs to observe The
rule Of cultivating from year TO year the usual
quantity of the staple crops. regardless Of Auct-
ustous 10 prices This is the ru e Of many old
and successful farmers.